AREA REPORTS

Nollamara

WA/
Nollamara

Suburb Profile

Nollamara - FREE SUBURB PROFILE REPORT
POSTAL CODE: WA,6061

house
unit

NOLLAMARA, 6061 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $387,000.

Profits due to an downward trend in home prices in the suburb averaged -5.7% per annum over a 3-year period.

NOLLAMARA now ranks at the 202nd place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in NOLLAMARA are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $320 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NOLLAMARA, homes and units usually stay on listing for an average of 79.7 days.

In 2016, 202 properties were sold in NOLLAMARA during the past year, making it the 267th most active market in WA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $387,000 $312,500
GROWTH REPORT
Median Quarterly -0.77% -2.8%
Median 12 month -3.13% -6.72%
Median 3 years -17.1% -19.04%
Median 5 years -7.86% -18.83%
10 years average annual -0.38% -1.27%
Weekly media advert. rent $320 $295
Time on Market 79.7 days 112.5 days
Gross Rental Yield Percent 4.3% 4.91%
demographics (median values)
Total Population
7562
Weekly Household Income
791.4
Household Size
2.20
demographics
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